Veritex Holdings Inc (VBTX) Receives Average Recommendation of “Buy” from Brokerages
Shares of Veritex Holdings Inc (NASDAQ:VBTX) have been given a consensus rating of “Buy” by the six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $33.00.
A number of analysts recently commented on the company. Zacks Investment Research downgraded Veritex from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. BidaskClub raised Veritex from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Piper Jaffray Companies raised Veritex from a “neutral” rating to an “overweight” rating in a report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods began coverage on Veritex in a report on Tuesday, January 16th. They set an “outperform” rating and a $33.00 price objective for the company.
In other Veritex news, insider Ned N. Fleming III sold 92,711 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $26.00, for a total transaction of $2,410,486.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ned N. Fleming III sold 12,370 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $27.21, for a total value of $336,587.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,771 shares of company stock valued at $4,358,185. 6.90% of the stock is owned by corporate insiders.
Shares of Veritex (NASDAQ:VBTX) opened at $27.48 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $652.66, a P/E ratio of 28.80, a P/E/G ratio of 1.45 and a beta of 1.53. Veritex has a 52-week low of $23.84 and a 52-week high of $29.43.
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Veritex Holdings, Inc is a bank holding company. The Company, through its subsidiary, Veritex Community Bank (the Bank), a Texas state chartered bank, provides relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals.
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